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For saleMLS® C12793378

555 Davenport Road, Toronto, ON M5R 3R6

Casa Loma · C02 · M5R 3R6

$27,000,000

$413 / sq ft

8 months on market

Total area
65,360 sf
Lot
128.37 × 189.49 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

Freestanding 65,360 sf building spanning four levels. Average floor plate size of 16,300 sf. Ideal user and/or investor opportunity. The Property has approximately 20 on-site parking spaces, one elevator, one drive-in door, and is located on a prominent corner across from Casa Loma. The building was previously utilized for an institutional use as the George Brown Dental School. The current buildout of the building consists of classrooms, meeting rooms, offices, large board rooms, washrooms, loading area, reception area, and three double ceiling height rooms on the main floor. The building is currently leased short-term by an entertainment company for storage and workshop uses. Vacant possession can be provided or assumption of the current tenant with flexibility to terminate to gain possession. The building can be repositioned for office, educational, medical, and other uses subject to review of zoning. The Property is situated in Toronto's prestigious Casa Loma neighborhood, offering an exceptionally central location with convenient access to Downtown and the City's affluent residential districts, including Rosedale, Summerhill, and Forest Hill. Transit connectivity is anchored by Dupont Station on Line 1 (Yonge-University), located approximately 350 metres from the Property, providing access to Bloor-Yonge, the Bloor-Danforth Line, Union Station, and the Financial District. The Vendor has enhanced the Property by advancing and securing key planning approvals that reposition the Property for future redevelopment. Approvals have been obtained for a 10-storey mixed-use development with 168 residential units over 139,952 square feet. For an owner-occupier and/or investor, these approvals provide the ability to utilize the existing building today while holding a clearly defined, value-enhancing entitlement framework that can be leveraged over time as needs evolve and market conditions change.

Property details

Property

Property type
office
Interior size
65,360 sq ft
Lot size
128.37 × 189.49 ft
Zoning
R3 Z2.0, RA (226)
Possession
Upon Closing

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$27,000,000
Property taxes
$102,381 / year (2025)
Price per sq ft
$413

Listing

MLS® number
C12793378
Status
For sale
Listed
February 17, 2026
Days on market
261
Last updated
June 15, 2026
Listing brokerage
CUSHMAN & WAKEFIELD

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 100% of comparable office listings in Toronto are asking less.

$324KMedian $695K$4.38M
This home
$413 / sq ft
Comparable median
$621 / sq ft

Based on 96 comparable active office listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $5,400,000
$5,400,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$119,430.11
Property tax (est.)
$8,531.74
Estimated monthly
$127,962

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$661,475
Toronto municipal
$1,591,475
Total due on closing
$2,252,950

An estimate on the asking price of $27,000,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CUSHMAN & WAKEFIELD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$27,000,000

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Nearby sold prices are hidden

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